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Saudi Arabia
Banking & Finance
Saudi banks witness 8 percent surge in Q1 earnings, reaching $4.97 billion
The growth in earnings is driven by 11 percent lending growth and a rising interest rate environment
Saudi Arabia
Saudi Arabia emerges as key investor in Elon Musk’s $24 billion startup xAI
The startup recently announced its $6 billion Series B funding round which it will utilize to launch xAI’s first products in the market
Banking & Finance
Saudi Arabia sees $240 million in investments in Q1 2024: Report
E-commerce and retail sector retained its position as the leading industry in Saudi Arabia's venture landscape
Markets
Dubai’s IPO boom positions city as thriving hub for capital markets: Report
Privatization of state-related entities to support the initial phase of regional IPO growth
Economy
Saudi Arabia’s non-oil sector projected to grow 4.8 percent in 2024, 5.2 percent in 2025: Report
The Kingdom's GDP is expected to expand by 2.3 percent in 2024 and accelerate to 5.8 percent in 2025, the report said
MENA
L’Oréal Middle East, AstroLabs launch TechQuest challenge, fueling beauty tech advancements in the region
Out of 535 homegrown startups identified, 14 were shortlisted to innovate next-gen beauty tech for L'Oréal Middle East
Logistics
Saudi Arabia’s King Khalid airport tops GACA rankings: Report
GACA report assesses 11 operational performance standards to enhance services and traveler experiences
Economy
Saudi Arabia maintains ‘A1’ credit rating with positive outlook amid successful economic reforms: Report
The rating reflects the government's significant progress in implementing a broad-based reform agenda since 2016
Hospitality & Tourism
Saudi Arabia commits $800 billion to tourism, aims for 10 percent sector contribution to economy by 2030: Minister
Al Khateeb outlines plans to add over 250,000 hotel rooms, attract young Saudis to the industry
Saudi Arabia’s E&P investments to reach $7 billion in 2025: Report
By 2025, the Kingdom is expected to account for 67 percent of the MENA region's total E&P expenditure
Economy
Point-of-sale spending in Saudi Arabia reaches $3.1 billion: Report
The largest share of spending (15 percent) was on beverages and food, amounted to $471.94 million
Saudi Arabia
Saudi Arabia signs 1,100MW wind power deals with Japanese consortium
This comes as part of Round 4 of the Saudi National Renewable Energy Program (NREP)
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